INOB: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
INOB
Largest movements
- Receivables within one year -€54,267
down €54,267 (-51.7%), from €105,020 to €50,753
of which Other amounts receivable: -€49,773
- Tangible fixed assets -€26,579
down €26,579 (-5.9%), from €446,950 to €420,371
of which Land and buildings: -€13,859
- Cash +€10,643
up €10,643 (+34.6%), from €30,803 to €41,447
mainly Receivables within one year (+€54,267) and Depreciation (+€26,579)
- Profit (loss) carried forward -€53,157
down €53,157 (-388.1%), from -€13,698 to -€66,855
- Debts after one year -€20,072
down €20,072 (-16.1%), from €124,623 to €104,551
- Gross operating margin +€20,864
up €20,864 (+45.6%), from -€45,782 to -€24,919
- Financial income +€2,340
up €2,340 (+190.9%), from €1,226 to €3,566
- Depreciation -€2,329
down €2,329 (-8.1%), from €28,909 to €26,579
- Financial charges -€583
down €583 (-17.2%), from €3,384 to €2,801
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €607,774 | €539,098 | -€68,675 | -11.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €446,950 | €420,371 | -€26,579 | -5.9% |
| Tangible fixed assets | 22/27 | €446,950 | €420,371 | -€26,579 | -5.9% |
| Land and buildings | 22 | €419,405 | €405,546 | -€13,859 | -3.3% |
| Plant, machinery and equipment | 23 | €1,310 | €863 | -€447 | -34.1% |
| Furniture and vehicles | 24 | €13,167 | €1,018 | -€12,149 | -92.3% |
| Other tangible fixed assets | 26 | €13,068 | €12,944 | -€124 | -0.9% |
| Current assets | 29/58 | €160,823 | €118,727 | -€42,096 | -26.2% |
| Amounts receivable within one year | 40/41 | €105,020 | €50,753 | -€54,267 | -51.7% |
| Trade receivables | 40 | €5,299 | €805 | -€4,494 | -84.8% |
| Other amounts receivable | 41 | €99,721 | €49,947 | -€49,773 | -49.9% |
| Current investments | 50/53 | €25,000 | €25,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €30,803 | €41,447 | +€10,643 | +34.6% |
| Deferred charges and accrued income | 490/1 | - | €1,528 | +€1,528 | |
| Total equity and liabilities | 10/49 | €607,774 | €539,098 | -€68,675 | -11.3% |
| Equity | 10/15 | €465,162 | €412,005 | -€53,157 | -11.4% |
| Contributions | 10/11 | €6,300 | €6,300 | = | 0.0% |
| Reserves | 13 | €472,560 | €472,560 | = | 0.0% |
| Distributable reserves | 133 | €472,560 | €472,560 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,698 | -€66,855 | -€53,157 | -388.1% |
| Amounts payable | 17/49 | €142,612 | €127,094 | -€15,519 | -10.9% |
| Amounts payable after more than one year | 17 | €124,623 | €104,551 | -€20,072 | -16.1% |
| Financial debts | 170/4 | €124,623 | €104,551 | -€20,072 | -16.1% |
| Amounts payable within one year | 42/48 | €17,989 | €20,636 | +€2,647 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €13,637 | €17,001 | +€3,363 | +24.7% |
| Trade debts | 44 | €3,567 | €3,401 | -€166 | -4.7% |
| Suppliers | 440/4 | €3,567 | €3,401 | -€166 | -4.7% |
| Advances received on contracts in progress | 46 | €303 | - | -€303 | |
| Taxes, remuneration and social security | 45 | €483 | €235 | -€247 | -51.3% |
| Taxes | 450/3 | €483 | €235 | -€247 | -51.3% |
| Accrued charges and deferred income | 492/3 | - | €1,906 | +€1,906 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,909 | €26,579 | -€2,329 | -8.1% |
| Other operating charges | 640/8 | €2,516 | €2,175 | -€341 | -13.6% |
| Gross operating margin | 9900 | -€45,782 | -€24,919 | +€20,864 | +45.6% |
| Operating profit (loss) | 9901 | -€77,207 | -€53,673 | +€23,534 | +30.5% |
| Financial income | 75/76B | €1,226 | €3,566 | +€2,340 | +190.9% |
| Recurring financial income | 75 | €1,226 | €3,566 | +€2,340 | +190.9% |
| Financial charges | 65/66B | €3,384 | €2,801 | -€583 | -17.2% |
| Recurring financial charges | 65 | €3,384 | €2,801 | -€583 | -17.2% |
| Profit (loss) for the period before taxes | 9903 | -€79,365 | -€52,908 | +€26,458 | +33.3% |
| Income taxes | 67/77 | €254 | €249 | -€5 | -2.0% |
| Profit (loss) for the period | 9904 | -€79,620 | -€53,157 | +€26,463 | +33.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€79,620 | -€53,157 | +€26,463 | +33.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.